From left: The lot at 101 West 28th Street and Nobutaka Ashihara
The site of a stalled construction project at 101 West 28th Street could get new life, the blog New York YIMBY reported. New building permits have been filed to develop a 28-story hotel and residential property, which will have 152 units and stand 296 feet high. New York-based Nobutaka Ashihara is the architect on record. There are no project renderings available at this time. [more]
Related’s Stephen Ross and 507 West 27th Street[/caption]
Related Companies has bought a scrapyard along the High Line for $65 million, city records filed today show. The property is comprised of two lots located at 507 West 27th Street and 514 West 28th Street between Tenth and Eleventh avenues. At 17,275 square feet and 14,800 square feet, respectively, the two lots have a combined maximum floor-to-area ratio of 241,204 square feet, making them a ripe prospect for residential or commercial development…. [more]
From left: Peter Von Der Ahe, Chelsea Muse exterior and interior and Joseph Koicim
Tavros Capital Partners has purchased the Chelsea Muse, a luxury mixed-use building located at 537 West 27th Street, for $27.5 million, The Real Deal has learned. The sellers were Ekstein Development, RD Management and L&M Development Partners. The deal closed on December 20. [more]
Choice Hotels officials at Times Square groundbreaking
Choice Hotels International broke ground today on two Manhattan locations of Cambria Suites, a day after the company began work on another Cambria Suites property in White Plains, N.Y. Together, the three properties cost $141 million and will create 461 hotel rooms, according to a company release.
The Manhattan hotels will be located at 30 West 46th Street in Times Square and 123-125 West 28th Street in Chelsea. As The Real Deal previously reported, Extell Development sold the interest in the Times Square location to Cambria Suites over the summer. [more]
Hudson Square, where Trinity Real Estate seeks to build new towers
Manhattan Borough President Scott Stringer gave the rezoning of Hudson Square his conditional approval yesterday, though not without extracting some concessions from major landlord Trinity Real Estate, which hopes to erect new residential towers in the area, the New York Observer reported.
Trinity hopes to build new apartments in what has primarily been a commercial area. The agreement reached yesterday would limit those towers’ height to 290 feet, rather than the 320 Trinity had sought. The rezoning affects 20 potential developments, the Observer said. [more]
From left: Harrison Ford, Deborah Grubman, David Dubin and a shot of the unit’s interior
Actor Harrison Ford has found a buyer for his Chelsea condominium, the New York Observer reported. The 5,664-square-foot apartment, which he first listed for $16 million two years ago, is in contract with no word yet on the final closing price.
Ford purchased the four-bedroom, 4.5-bathroom home in 2002 for $5.3 million, and then renovated it. The unit is located inside 206 West 17th Street, near Seventh Avenue. [more]
A view north from Chelsea
The latest in the never-ending scheme of renaming New York City’s neighborhoods — for fun or profit — has the Times Square South area going by the moniker “Chelsea North,” the New York Observer reported.
The Times Square South area, between West 42nd and West 35th streets and Ninth and Sixth Avenues, has had an identity crisis of sorts, at times going by the “Garment District.” But that neighborhood is more properly located further east, and the name does not accurately describe the tenant base, real estate pros told the Observer. [more]
Chelsea Market rendering
The City Council zoning subcommittee today approved the upzoning of the Chelsea Market block, which will potentially allow Jamestown Properties to build its expansion atop the Chelsea Market structure. Next comes the full Council vote, which is slated for Oct. 30 and will be the final word on whether the plan can move forward.
However, the approval of the subcommittee is considered to be a last step for the project, as the full Council almost never votes against its subcommittees, Crain’s reported. [more]
From left: the Citizen, Barbara Van Beuren and Stephen Glascock of Anbau Enterprises and a full-floor unit at the building
The on-site sales office at the Citizen has reopened after its developer, Anbau Enterprises, took the unusual step this summer of suspending sales to finish construction, the company said today. Now complete, the 29-unit condominium at 124 West 23rd Street is nearly 50 percent sold. [more]
From left: Alfa CEO Michael Namer, the site at 117-119 West 21st Street (credit: PropertyShark) and David Schechtman of Eastern Consolidated
Alfa Development is in contract to buy a development site in Chelsea for $12 million, pending the approval of bankruptcy court, Crain’s reported. The site is located at 117-119 West 21st Street, between Sixth and Seventh avenues, and used to be a Hershey factory.
Alfa is now in a “stalking horse” contract to close on the nearly 19,000-square-foot property in an all-cash deal, though a better offer could come at an early November auction sale. As it currently stands, the property is a vacant four-story warehouse and Alfa entered contract in early September. [more]
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